Companies · Ecommerce / Retail

FreshRealm, Inc.

Lancaster · Ecommerce / Retail · refined from filed group “Other · https://freshrealm.com/

Diligence memoA one-page analyst read on FreshRealm, Inc. — recommendation, valuation, rhythm, risks.
$279.5M
Total raised · real
4
Rounds
1.7×
Latest step-up
Top 4%
Sector rank · raised
Series D+
Latest stage · inferred · Tue Mar 11 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

FreshRealm, Inc. has raised $279M over 4 rounds; too few niche peers to rank its valuation yet.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the retail sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Quiet
  • Last raise 16 mo ago; this sector typically re-raises about every 12 months.
  • Slightly overdue versus sector cadence.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Ecommerce / Retail

FreshRealm, Inc. is one of 123 Ecommerce / Retail companies tracked from Lancaster. By capital raised it ranks among the largest (ahead of 97% of sector peers), and among the largest by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

AI analyst read est. — model-extracted from this company's public description, not a verified fact. 30%

operates a technology-led product inferred from public copy

Grounded in: “You are a venture analyst

FreshRealm is revolutionizing the food system by making fresh food at scale possible. Discover our end-to-end solutions for fresh food manufacturers.

FreshRealm is revolutionizing the food system by making fresh food at scale possible. Discover our end-to-end solutions for fresh food manufacturers. Specialized expertise in fresh food enables leading-edge solutions Channel agnostic model results in ultimate program flexibility National infrastructure drives reach, reduced costs and speed to market As exclusive operations partner for Marley Spoon in the U.S., we’ve unlocked better unit economics and first ever operating EBITDA profitable quarter for the company “Our companies share a passion for delighting our customers and driving excellence in processes across the whole organization.” Capacity of currently-built infrastructure A first-of-its-kind Ultimate Fighting Championship (UFC) meal program, supported across product, packaging, manufacturing, and ecommerce, delivering convenient nutrition to U.S. consumers The landmark partnership allows Blue Apron to focus on their front-end consumer while enabling new innovation for Prepared & Ready product lines with an accelerated timeline Following a full supply chain transition with #1 doctor-designed meal delivery business, we’re guiding expansion of their offering into retail Scaled

ecommerce/retail
Find FreshRealm online

Trades publicly as FreshRealm.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
1
Investors (latest)
2025-03-11
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$500M$1.0B$1.5B$2.0BSeries A · 2021-05-06 Raised $4.6M (real) Modeled valuation $21M (est)Series A2021Series C · 2021-07-09 Raised $50M (real) Modeled valuation $280M (est)Series C2021Series C · 2021-07-09 Raised $50M (real) Modeled valuation $280M (est)Series C2021Series B · 2021-07-09 Raised $32M (real) Modeled valuation $165M (est)Series B2021Series D+ · 2022-07-15 Raised $200M (real) Modeled valuation $1.2B (est)Series D+2022Series D+ · 2022-07-15 Raised $200M (real) Modeled valuation $1.2B (est)Series D+2022Series D+ · 2022-07-15 Raised $200M (real) Modeled valuation $1.2B (est)Series D+2022Series D+ · 2022-07-15 Raised $200M (real) Modeled valuation $1.2B (est)Series D+2022Series D+ · 2022-07-15 Raised $200M (real) Modeled valuation $1.2B (est)Series D+2022Series A · 2025-03-11 Raised $15M (real) Modeled valuation $40M (est)Series A2025Series D+ · 2025-03-11 Raised $25M (real) Modeled valuation $156M (est)Series D+2025Cumulative $1.2B

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Series A$4.6M · 2021
Series C$49.9M · 2021no Series B on file
Series C extension$49.9M · 2021
Bridge · Series C-stage$31.9M · 2021smaller follow-on
Series D+$200.0M · 2022
Series D+ extension$200.0M · 2022
Series D+ extension$200.0M · 2022
Series D+ extension$200.0M · 2022
Series D+ extension$200.0M · 2022
Bridge · Series D+-stage$15.0M · 2025smaller follow-on
Series D+ extension$25.0M · 2025

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 67%.

Modeled valuation trajectory
$156.5M
Base estimate est.
$127.5M
Conservative case
$200.9M
Upside case
$208.3M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series D+a $100M–$400M round). Valuation is modeled from stage benchmarks scaled by the retail sector profile. Directional, not a quoted figure.

Series A · modeled $20.8M · 2021-05-062021Series C · modeled $280.0M · 2021-07-09Series C · modeled $280.0M · 2021-07-09Series B · modeled $165.2M · 2021-07-09Series D+ · modeled $1.2B · 2022-07-15Series D+ · modeled $1.2B · 2022-07-15Series D+ · modeled $1.2B · 2022-07-15Series D+ · modeled $1.2B · 2022-07-15Series D+ · modeled $1.2B · 2022-07-15Series A · modeled $40.4M · 2025-03-11Series D+ · modeled $156.5M · 2025-03-112025
Model inputs · modeled:benchmark-stage-stepup-v1
12%
Dilution assumption
Implied ownership sold in the financing.
77%
Survival probability
61% low · 85% high
0.99×/yr
Annual markup
1.10×/yr upside case
1.3 yr
Elapsed time used
1.3 yr actual, capped for stale marks
retail
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
5 mo
Avg between rounds
$72.7M/yr
Capital velocity
5.2 yr
On record since
2021
First round
11
Rounds on file
How it compares to the market

Benchmarked against 123 companies in Ecommerce / Retail. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 104× above median
This company$279.5M
Sector median$2.7M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 0.2× of median
This company$25.0M
Sector median$150.0M
Modeled value — vs sector median (estimate, all stages) 13× above median
This company$156.5M
Sector median$12.4M

Raised more than 97% of sector peers (real $). Modeled value above 96% of peers (estimate).

Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Series A$4.6M2021-05-06$20.7M$20.8M90%
Series C$49.9M2021-07-09$332.8M$280.0M90%
Series C$49.9M2021-07-09$332.8M$280.0M90%
Series B$31.9M2021-07-09$177.4M$165.2M90%
Series D+$200.0M2022-07-15$1.7B$1.2B90%
Series D+$200.0M2022-07-15$1.7B$1.2B90%
Series D+$200.0M2022-07-15$1.7B$1.2B90%
Series D+$200.0M2022-07-15$1.7B$1.2B90%
Series D+$200.0M2022-07-15$1.7B$1.2B90%
Series A$15.0M2025-03-11$68.2M$40.4M90%
Series D+$25.0M2025-03-11$208.3M$156.5M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Series A$4.6M2021-05-06
    • First recorded raise — entered as Series A.
    • 29 investors on this round.
  2. Series C$49.9M2021-07-09
    • Came back fast: 2 mo vs the ~12 mo sector norm.
    • Round 11.0× larger than the prior — scaling up.
    • 31 investors on this round.
  3. Series C$49.9M2021-07-09
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 31 investors on this round.
  4. Series B$31.9M2021-07-09
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.6× smaller than the prior — bridge or down round.
    • 25 investors on this round.
  5. Series D+$200.0M2022-07-15
    • Raised 12 mo later, in step with the ~12 mo sector norm.
    • Round 6.3× larger than the prior — scaling up.
    • 1 investor on this round.
  6. Series D+$200.0M2022-07-15
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 1 investor on this round.
  7. Series D+$200.0M2022-07-15
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 1 investor on this round.
  8. Series D+$200.0M2022-07-15
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 1 investor on this round.
  9. Series D+$200.0M2022-07-15
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 1 investor on this round.
  10. Series A$15.0M2025-03-11
    • Raised again after 32 mo — slower than the ~12 mo sector norm.
    • Round 13.3× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  11. Series D+$25.0M2025-03-11
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.7× larger than the prior — scaling up.
    • 1 investor on this round.
Intelligence
2025 ~Q3
Modeled next raise · ~5mo cadence
$41.7M
Modeled next size est.range $27.1M$66.7M
1.7×
Last step-up
$72.7M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Carlos Iniguez2022-07
Derek Anguilm2021-07
James Catchot2021-07
Jim Catchot2021-05
Joe Hand2022-07
Joe R. Hand2025-03
Kelly Wiesbrock2021-05
Ken Catchot2021-05
Kenneth J. Catchot2021-07
Kenneth S. Catchot2022-07
Michael Lippold2021-05
Michael R. Lippold2025-03
Neill King2021-05
Peter Hajas2021-05
Peter S. Hajas2021-07
Rob Law2022-07
Saloni R. Varma2025-03
Saloni Varma2022-07
Snow J. Le2021-07
Snow Le2022-07
Snow R. Le2025-03
Registry & provenance

FreshRealm, Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1863754
SEC CIK
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Algolia, Inc.Ecommerce / RetailSeries D+$313.5M$891.8Msame sector · same stage
AgileBits Inc.Ecommerce / RetailGrowth/Late$883.9M$160.9Msame sector
Boosted Ecommerce, Inc.Ecommerce / RetailSeries B$55.1M$74.8Msame sector
TwigaEcommerce / RetailSeries C$50.0M$277.2Msame sector
Burrow, Inc.Ecommerce / RetailSeries B$47.9M$133.6Msame sector
Thrasio Holdings, Inc.Ecommerce / RetailGrowth/Late$1.7B$5.3Bsame sector
CapiterEcommerce / RetailSeries A$33.0M$143.7Msame sector
Easol Holdings Inc.Ecommerce / RetailSeries B$32.3M$20.4Msame sector
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Fresh Factory
Smart Cold Chain Fulfillment Platform
Ecommerce / Retail75%
Freshlocal Solutions Inc.RetailingPre-Seed$1.7M73%
GETASAP
Distribution at the Speed of Compute
73%
Zoomer
Outsourced, high volume food delivery.
Mobility / Logistics72%
Tablevibe
All-in-one digital ordering system for restaurants
Mobility / Logistics72%
Byte Kitchen
Increasing restaurant profitability through our AI Operating System
Food & Beverage71%
Realness, Llc, TheRestaurantsPre-Seed$4.4M71%
burnt
Agentic Operating System for Food Supply Chain
AI / ML71%
Frequently asked
How much funding has FreshRealm, Inc. raised?
FreshRealm, Inc. has raised approximately $279.5M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is FreshRealm, Inc.'s estimated valuation?
Provath's modeled valuation for FreshRealm, Inc. is approximately $156.5M (modeled range $127.5M–$200.9M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is FreshRealm, Inc. at?
FreshRealm, Inc.'s latest modeled financing stage is Series D+. Its most recent recorded round closed around Tue Mar 11.
What does FreshRealm, Inc. do and where is it based?
FreshRealm, Inc. operates in the Ecommerce / Retail sector, based in Lancaster. FreshRealm is revolutionizing the food system by making fresh food at scale possible. Discover our end-to-end solutions for fresh food manufacturers.
Explore related

See where FreshRealm, Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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